Initial Commitment Fees Sample Clauses

Initial Commitment Fees. Borrower agrees to pay to the Agent for distribution to the Lenders, including the Agent the one time initial commitment fees in amounts as set forth in the Agent’s Letter. Each of these fees shall be fully earned and if not paid timely by Borrower, at the option of the Agent, shall be paid by Advances pursuant to Section 2.1, without prior demand by the Agent.
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Initial Commitment Fees. In consideration of Lender's commitment to make the Loan which was given to DLB under a commitment letter dated March 15, 1997, Borrower will on the date hereof pay to Lender a facility commitment fee in the amount of $93,750, which fee represents the remaining $93,750 of the $187,500 fee referred to in such letter.
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Initial Commitment Fees. On the Closing Date for the US Facility, US Borrower shall pay to Administrative Agent an initial commitment fee of $192,500 for the ratable account of the Lenders under the US Facility in accordance with their respective Commitment Percentages of it. On the Closing Date for the UK Facility, US Borrower shall pay to Administrative Agent an initial commitment fee of $420,000 for the ratable account of the Lenders under the UK Facility in accordance with their respective Commitment Percentages of it.
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Initial Commitment Fees. Borrower will pay Lender an initial loan commitment fee for the Development Line of Credit in the amount of $67,500.00 and an initial loan commitment fee for the Working Line of Credit in the amount of $7,500.00.
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Initial Commitment Fees. As used in this Section 2.05(a), the term "Tranche A Commit- ment" means that portion of the Aggregate Loan Commitment which does not exceed $30,000,000 and the term "Tranche B Commitment" means that portion of the Aggregate Loan Com- mitment which exceeds $30,000,000. Also for the purposes of this Section 2.05(a), all Revolving Loan proceeds not exceeding $30,000,000 at any one time outstanding shall be deemed to have been disbursed pursuant to the Tranche A Commitment, and only those Loan proceeds which are in excess of $30,000,000 at any one time outstanding shall be deemed to have been disbursed pursuant to the Tranche B Commitment. During the Revolving Loan Period prior to the date of this Amendment and Restatement, the Borrower shall pay to the Agent, for remittance to the Lenders, (a) commitment fees at the rate of one-half of one percent (0.5%) a year on the average daily undisbursed amount of the Tranche A Commitment during each quarterly period or portion thereof, and (b) commitment fees at the rate of one-quarter of one percent (0.25%) a year on the average daily undisbursed amount of the Tranche B Commitment dur- ing each quarterly period or portion thereof; provided, however, that, in the event any Revolving Loan proceeds attributable to the Tranche B Commitment are disbursed at any time, the commitment fee rate which is payable in respect of the entire Tranche B Commitment shall be increased to the rate of one-half of one percent (0.5%) a year on the daily average undisbursed amount of the Tranche B Commitment, and such increased rate shall be effective for the period commencing on the date which is ninety calendar days preceding the date of disbursement of such Revolving Loan proceeds and shall continue to be effective thereafter until the aggregate outstanding principal amount of the Revolving Loans shall have been reduced to or below $30,000,000. All commitment fees provided for in this Section 2.05 shall be computed on the basis of a year of 365 days (or 366 days in leap years) and paid for the actual number of days elapsed. Such commitment fee shall be payable quarterly, on the last day of each September, December, March and June, and also, in respect of additional fees payable pursuant to any retroactive increase in the commitment fee rate applicable to the Tranche B Commitment, within 30 days after the Agent's submittal to the Borrower of a bill therefxx.
Sample 1
Initial Commitment Fees. Borrower agrees to pay to the Agent for distribution to the Lenders who are Lenders as of the date of this Amendment, including the Agent, fees equal to the percentage set forth in the Agent's Letter on their Commitments as set forth in Paragraph 6 of the Fourth Amendment to the Credit Agreement as of the Amendment 4
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Initial Commitment Fees. Borrower agrees to pay to the Agent for distribution to the Lenders, including the Agent (based on their respective Pro Rata Percentages): (a) a fee equal to One Quarter of One Percent (0.25%) of the Term Loan Commitments on the Closing Date adjusted as indicated below; and (b) a fee equal to Seventy Five Thousandths of One Percent (0.075%) of the Line of Credit Loan Commitments on the Closing Date. A schedule of these fees is as follows: Name of Lender Term Loan Line of Credit U.S. Bank National Association $ 64,583.33 $ 74,375.00 Hxxxxx X.X. $ 57,291.67 $ 24,062.50 Rabobank International $ 57,291.67 $ 24,062.50 First National Bank of Omaha $ 20,833.33 $ 8,750.00 TOTAL: $ 200,000.00 $ 131,250.00 The parties acknowledge that the fees payable to U.S. Bank as a Lender will be shared with the Voting Participants in accordance with the Participation Agreements. The parties acknowledge that the Term Loan commitment fee payable to U.S. Bank has been reduced to $0, and that the Term Loan commitment fees that will be shared with the Voting Participants has been reduced as set forth in their Participation Agreements, in each case in respect of commitment fees received by them related to the increase of the Line of Credit under the Former Loan Agreement. Each of the foregoing fees shall be fully earned as they accrue and, at the option of the Agent, shall be paid by Advances pursuant to Section 2.1, without prior demand by the Agent.
Sample 1
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Initial Commitment Fees. Borrower agrees to pay to the Agent for distribution to the Lenders, including the Agent the one time initial commitment fees in amounts as set forth in the Agent's Letter. Each of these fees shall be fully earned and if not paid timely by Borrower, at the option of the Agent, shall be paid by Advances pursuant to Section 2.1, without prior demand by the Agent.
Sample 1

Related to Initial Commitment Fees

  • Revolving Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee equal to the Applicable Rate with respect to commitment fees for such Facility times the actual daily amount by which the aggregate Revolving Credit Commitments for such Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility plus (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; provided, further, that no commitment fee shall accrue on any of the Revolving Credit Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee with respect to each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the applicable conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the applicable Revolving Credit Facility. The commitment fee with respect to each Revolving Credit Facility shall be calculated quarterly in arrears.

  • Commitment Fees Accruing from the date hereof until the Expiration Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender, as consideration for such Lender’s Revolving Credit Commitment hereunder, a nonrefundable commitment fee (the “Commitment Fee”) equal to the Applicable Commitment Fee Rate (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) on the average daily difference between the amount of (a) such Lender’s Revolving Credit Commitment as the same may be constituted from time to time and (b) such Lender’s Revolving Exposure (for purposes of this computation, Swing Loans shall not be deemed to be borrowed amounts under its Revolving Credit Commitment); provided, however, that any Commitment Fee accrued with respect to the Revolving Credit Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no Commitment Fee shall accrue with respect to the Revolving Credit Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Subject to the proviso in the directly preceding sentence, all Commitment Fees shall be payable in arrears on each Payment Date.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Termination Date, commencing on the first of such dates to occur after the date hereof.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Commitment Fees No Defaulting Lender shall be entitled to receive any Unused Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  • Revolving Credit Commitment Fee The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Additional Commitments If applicable, the Participant agrees, prior to the vesting of the Restricted Stock Units granted pursuant to this Award Agreement that he or she shall deliver to the Secretary of the Company or the Secretary’s office, or such other place as may be determined by the Committee, payment in cash (via cashier’s check or such other form acceptable to the Company), or such other method as the Committee may approve, for the Withholding Obligation, if the Participant desires to pay the Withholding Obligation in lieu of the Company exercising its entitlement in the first sentence of Section 6 hereof.

  • Unused Commitment Fee Borrower shall pay to Bank a fee equal to ten-hundredths percent (0.10%) per annum (computed on the basis of a 360-day year, actual days elapsed) on the average daily unused amount of the Line of Credit, which fee shall be calculated on a calendar quarter basis by Bank and shall be due and payable by Borrower in arrears on the last day of each September, December, March and June.

  • Incremental Revolving Commitments (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, request during the Revolving Commitment Period the establishment of Incremental Revolving Commitments, provided that the aggregate amount of all the Incremental Revolving Commitments to be established hereunder on any date shall not exceed the Incremental Amount as of such date. Each such notice shall specify (i) the date on which the Borrower proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent, (ii) the amount of the Incremental Revolving Commitments being requested (which shall be an amount not less than $5,000,000) and (iii) the identity of each Person proposed to become an Incremental Revolving Lender in connection therewith (it being agreed that (x) any Lender approached to provide any Incremental Revolving Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment and (y) any Person that the Borrower proposes to become an Incremental Revolving Lender, if such Person is not then a Lender, must be an Eligible Assignee and, if such approval would then be required under Section 10.6(c) for an assignment to such Person of a Commitment or Loan, must be approved by the Administrative Agent, each Issuing Bank and the Swing Line Lender (such approval not to be unreasonably withheld or delayed)).

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